Archives - Page 16 of 66 - Viewpoints - Coldwell Banker Commercial

Oct 20, 2022

COLDWELL BANKER COMMERCIAL GEORGE REALTY FACILITATES $8.5M SALE OF FORMER PRESCHOOL IN MONTEREY

MONTEREY PARK, CALIF. (Oct. 19, 2022) – Coldwell Banker Commercial George Realty is pleased to announce that it represented both the buyer and seller in the sale of 507 N Chandler Ave., three single-story buildings comprising 7,200 square feet on a 1.3-acre parcel in Monterey Park. The sale price was $8.5 million.

Oct 19, 2022

COLDWELL BANKER COMMERCIAL REALTY FACILITATES $33.1M SALE OF MULTIFAMILY PROPERTY IN SAN FRANCISCO’S RUSSIAN HILL DISTRICT

SAN FRANCISCO (Oct. 19, 2022) – Coldwell Banker Commercial Realty is pleased to have facilitated the sale of 2222-2254 Polk St., a 42-unit multifamily property with five ground-floor retail spaces situated on a 17,500 square-foot lot in San Francisco. The sale price was $33,100,000.

Oct 18, 2022

In a Troubling Time, Silver Lining Emerges for CRE Pricing

Despite uncertainty and volatility that cloud the economy, there’s reason to be a bit upbeat these days. A recent commercial property price report from researchers at MSCI’s RCA division shows the RCA CPPI National All-Property Index climbed 18.5% in June 2022 from a year prior. That’s close to the pricing growth rates of recent months and not far from the 19.5% record pace seen at the start of 2022. The index rose 1.3% from May.

Oct 12, 2022

COLDWELL BANKER COMMERCIAL ELITE BROKERS SALE TO GERMANNA COMMUNITY COLLEGES REAL ESTATE FOUNDATION

STAFFORD, VA. (Oct. 12, 2022) – Coldwell Banker Commercial Elite is pleased to announce it represented Germanna Community College’s Real Estate Foundation in the organization’s purchase of two properties located at 10 and 25 Center Street in Stafford. The sale price was $11.5 million.

Oct 11, 2022

Rent Increases Decelerate for Multifamily Properties

New research from Yardi Matrix indicates average apartment rents increased by $10 in July 2022, their lowest rate since January. According to the latest Multifamily Report, the average rent in the U.S. was a record $1,717 last month. Still, year-over-year growth decelerated by 110 basis points to 12.6 percent, 260 basis points off the February peak of 15.2 percent.

Oct 7, 2022

COLDWELL BANKER COMMERCIAL REALTY REPRESENTS IFPTE LOCAL 21 IN PURCHASE OF NEW SAN FRANCISCO HEADQUARTERS

SAN FRANCISCO (Oct. 7, 2022) – Coldwell Banker Commercial Realty is pleased to announce that it facilitated the sale of 1155 Mission St., a three-story, boutique office building encompassing approximately 15,700 square feet that is centrally located in San Francisco’s “South of Market” warehouse district. The sale price was $9.5 million.

Oct 7, 2022

COLDWELL BANKER COMMERCIAL BENCHMARK FACILITATES SALE OF LARGEST MULTI-TENANT CLASS-A OFFICE BUILDINGS IN DAYTONA AREA

DAYTONA BEACH, FLA. (Oct. 7, 2022) – Coldwell Banker Commercial Benchmark is pleased to announce that it facilitated the sale of 1530 and 1540 Cornerstone Boulevard, a pair of Class-A office buildings in Daytona Beach totaling 95,908 square feet. The sale price was $15.95 million.

Oct 6, 2022

COLDWELL BANKER COMMERCIAL FACILITATES $6.8M INDUSTRIAL WAREHOUSE DEAL IN MURRIETA

MURRIETA, CALIF. (Sept. 29, 2022) – Coldwell Banker Commercial SC is pleased to announce that it facilitated the sale of 38415 Innovation Court, a 36,120 square-foot multi-tenant industrial building in Murrieta, California. The sales price was $6.8 million.

Oct 6, 2022

US 30 SELF STORAGE IN KANE COUNTY, ILL. SOLD FOR $3.4 MILLION

Montgomery, Ill. (Sept. 28, 2022) – Coldwell Banker Commercial Real Estate Group represented the buyer in the purchase of US 30 Self Storage, located at 1400 Bohr Ave., Montgomery, Ill. in Kane County, in a transaction valued at $3.4 million. The transaction closed on August 1, 2022.

Oct 4, 2022

Marijuana’s Impact on Real Estate

A majority of adults in the United States currently have access to cannabis, whether medically or recreationally. As of this year, 19 states have legalized recreational cannabis use, while 39 states have legalized medical marijuana use. Over the years, the general perception of cannabis has evolved. Once seen as a danger to communities and to younger children, cannabis is now more readily available and marijuana sales produce taxable income for local economies.